Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Bloomberg reported that Amazon sent an internal email notifying its employees about an upcoming wave of layoffs, which is part of the company's continuing strategy to reduce costs amid mounting macroeconomic uncertainty.
There has been a surge in protests and strikes around the world, primarily focused on economic hardships, skyrocketing inflation, political turmoil, and geopolitical issues.
It’s the weekend, but our fresh Financial Crisis does not sleep. And a recent study says we’ve only seen the tip of the iceberg.
Mar 20, 2023 - 07:41:21 PDT
Robert Kiyosaki, investor and "Rich Dad, Poor Dad" author, has issued a warning about the state of inflation in the US.
The Wolf Street Report: Free Money Turned Brains to Mush. Now Some Banks FailMar 20, 2023 - 07:30:51 PDT
The Fed ended Free Money, and the only thing it broke is the consensual hallucination that spawned during the Free Money era. And look what we got.
Mar 20, 2023 - 07:29:57 PDT
Its Gov’t Gone Wild! Insane spending budget by “Sloppy Joe” Biden, Yellen asking Warren Buffet for banking advice (seriously??), a war in Ukraine that America doesn’t seem to actually want to win, etc. But its the banking system where banks are getting crushed by rising inflation and interest rates (but failed to hedge). Sigh.
Mar 20, 2023 - 07:28:43 PDT
The infamous Covid surge in M2 Money supply (green line) produced a big surge in bank price stocks, thanks in part to the insane spending that Congress made following Covid (I’m looking at you, Liz!). But now The Fed is slowing M2 Money growth and banks like First Republic are paying the price.
Mar 20, 2023 - 07:26:13 PDT
Despite endless promises from Washington DC that there would never be another bank bailout, the Biden Administration bailed out Silicon Valley Bank (SVB) by removing the $250,000 cap on deposit insurance. Then Treasury Secretary Janet Yellen added that in the future, only banks that posed SYSTEMIC RISK to the economy will be bailed out. Translation: only the big four Too Big To Fail (TBTF) banks will be bailed out. Meaning that the Biden Administration prefers big banks to community banks.
Mar 20, 2023 - 07:24:24 PDT
The WSJ wants to send long-range missiles to Ukraine, Lindsey Graham discusses WWIII, and Republicans want defense spending to rise 5 percent more than inflation.
Mar 20, 2023 - 07:23:39 PDT
Please consider these Statement by Christine Lagarde, President of the European Central Bank, on the announcement on 19 March 2023 by the Swiss authorities
Mar 20, 2023 - 07:22:28 PDT
"We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in close contact with our international counterparts to support their implementation."
Mar 20, 2023 - 07:20:55 PDT
Yesterday, the Swiss banking giant, UBS, agreed to a shotgun wedding with its collapsing long-time Swiss rival, Credit Suisse. Switzerland has committed $173 billion in loans and guarantees to the combined firm.
The simplest thing that can be said about current financial market and banking conditions is this: the unwinding of this Fed-induced, yield-seeking speculative bubble is proceeding as one would expect, and it’s not over by a longshot.
On Sunday, March 12, regulators shut down the Signature Bank. They reason they gave for doing this is incredible. They said that the entire financial system night collapse if they didn’t. What kind of insane system is it in which a run on one bank can cause such a disaster? The crisis shows once more that the great Murray Rothbard was right. We need to end the Fed and fractiona...
Global use of the US dollar as a currency may decline further to 40-45% within the next 2-3 years. March 2023 brought an economic bloodbath in the United
Good friend Chuck Butler, editor of The Daily Pfennig, is a world currency expert. He constantly asks, “Got Gold?”
In the first part of this report, we highlighted that observed gold prices have significantly detached from our model-predicted prices. While this has happened in the past, prices always converged eventually. However, the delta between the observed and the model predicted price has now reached a record high of around $400/ozt. We thus ask ourselves whether it is reasonable to...
This is the first of a series of exclusive presentations that will help you easily understand the banking crisis, as well as what may be coming next.
\Gold steadied, after rising above $2,000 an ounce for the first time in a year after a deal to buy Credit Suisse Group AG failed to entirely ease fears over the global banking sector.
Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to turn to digital assets, as the cryptocurrency built on its best week in four years. The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9%, amid growing expectations that central banks would slow the pace of interest rate hikes.